KASB Funds Limited’s announcement about Sanction of Scheme of Arrangement for Acquisition and Simultaneous Merger of Crosby Asset Management (Pakistan) Limited with and into KASB Funds Limited

KASB Funds Limited’s announcement about Sanction of Scheme of Arrangement for Acquisition and Simultaneous Merger of Crosby Asset Management (Pakistan) Limited with and into KASB Funds Limited

Karachi: This is to inform you that the Securities and Exchange Commission of Pakistan (“Commission”) has Sanctioned the Scheme of Arrangement for Acquisition and Simultaneous Merger of Crosby Asset Management (Pakistan) Limited with and into KASB Funds Limited (KFL) in terms of section 282 L of The Companies Ordinance, 1984, through and order July 15, 2011, passed by the Commission.

Moreover, the Scheme of Arrangement for Acquisition and Simultaneous Merger of Crosby Asset Management (Pakistan) Limited with and into KASB Funds Limited, sanctioned by the Commission shall be effective from July 20, 2011.

Therefore, with effect from the Effective Date (July 20, 2011), Crosby Asset Management (Pakistan) Limited shall stand merged into KASB Funds Limited and the rights to manage all the Collective Investment Schemes and all discretionary and non-discretionary accounts, currently under the management of Crosby Asset Management (Pakistan) Limited, shall stand transferred to KASB Fund Limited.

You may please inform the members of the Exchange accordingly.

Mansoor Ali
Company Secretary
KASB Funds Limited
5th Floor, Trade Centre,
I.I. Chundrigar Road,
Karachi-74200,
Pakistan.
UAN: +92 21 111 535 535
Fax: +92 21 3262 4635
Web: www.kasbfunds.com

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